Yes. You can usually get financed again after 2 years for FHA and VA loans, 3 years for USDA loans and 4 years for conventional loans. The FHA’s Back to Work program can shorten this to one year. You still need to meet the lender’s credit and other requirements.
Buying a home? With the Beycome buyer program, you pay no upfront fee and can get up to 2% of the price back at closing.
Buying in Florida? You can get pre-approved with Beycome Mortgage (NMLS #2523620). It’s an affiliate of Beycome, and you’re not required to use it.
Filing for bankruptcy is a way to erase certain types of debt and stop creditors from harassing you. It’s unfortunate when it happens, but it’s often necessary for saving your financial future. People often wonder if they can fully recover to the point of buying another home. Even though a bankruptcy will stay on your credit history for a minimum of ten years, it’s still possible to buy another home again (and thankfully, within that time frame). Depending if you have filed for a Chapter 7 or Chapter 13 bankruptcy, you must wait a certain period of time before you can get financed again. Each of the major loan financers, including the FHA, USDA, and the VA each have their own guidelines:- FHA loans: 2 Years
- VA home loans: 2 Years
- USDA loans: 3 Years
- Conventional loans: 4 Years